COVID Relief Archives

The CFPB Must Issue Emergency Guidance on Debt Collection During the Pandemic

December 1, 2020

Job losses and reduced hours from the coronavirus pandemic have hit families hard, with millions struggling to pay their bills and communities of color hit hardest. Millions of consumers will face increased collection efforts and collection lawsuits in the months ahead.

Important Wins, but Unmet Needs, in New Stimulus Package

December 22, 2020

New stimulus checks, broadband access and rental aid welcome, but foreclosure and student loan relief absent WASHINGTON, DC – Advocates welcomed the new stimulus bill passed by Congress last night, but warned that it has critical gaps that should be immediately filled by the incoming Biden Administration. “The new $600 stimulus payment, broadband aid, low-income…

New NCLC, CRL Report Proposes Roadmap for Student Borrowers to Survive the COVID Debt Crisis

November 23, 2020

FOR IMMEDIATE RELEASE: November 23, 2020 WASHINGTON, D.C. – Today, the Center for Responsible Lending (CRL) and the National Consumer Law Center (NCLC) released a policy report illustrating a path out of the student debt crisis and proposing solutions for a more equitable and efficient higher education system. Road to Relief: Supporting Federal Student Loan…

NCLC Advocates Applaud Schumer/Warren Senate Resolution Calling for $50,000 in Debt Cancellation for 43 Million Student Loan Borrowers

September 17, 2020

FOR IMMEDIATE RELEASE: September 17, 2020 Boston – Today, Senators Schumer and Warren announced they are introducing a Resolution calling on the President of the United States to take executive action to broadly cancel up to $50,000 in federal student loan debt for 43 million Americans. The following is a statement by Persis Yu, National…

CFPB Issues Proposal to Permit Mortgage Lenders to Make Unaffordable Loans Without Consequences

August 18, 2020

FOR IMMEDIATE RELEASE: August 18, 2020 National Consumer Law Center Statement: Proposal May be Challenged Washington, D.C. – Today, the Consumer Financial Protection Bureau’(CFPB) announced a Notice of Proposed Rulemaking regarding the Dodd-Frank Act ability to repay and qualified mortgage rules. The following statement is by National Consumer Law Center Staff Attorney Alys Cohen: “The…

Consumer, Civil Rights, and Housing Groups Call on U.S. Senate to Save Family Homes and Stop Evictions in Next COVID-19 Bill

July 28, 2020

FOR IMMEDIATE RELEASE: JULY 28, 2020 Washington, D.C. – More than 50 consumer, civil rights, community, housing, and other public interest organizations sent a letter today to U.S. Senate leadership urging inclusion of mortgage and rental protections for families in the next COVID-19 legislation. In the letter, the groups, which include Americans for Financial Reform,…

Student Loan Borrowers Need Real Relief, Not a COVID Stimulus Plan that Will Bury Them Deeper in Debt

July 27, 2020

FOR IMMEDIATE RELEASE: JULY 27, 2020 New Republican Stimulus Bill Fails 43 Million Student Loan Borrowers Statement of Persis Yu, director of NCLC’s Student Loan Borrowers Assistance Project, in response to the COVID-19 stimulus package proposed by Senate Republicans today. “As Senator Lamar Alexander (R-Tenn.) correctly stated this past week, “[i]n less than three months,…

Leading Civil Rights & Housing Groups Condemn President’s Effort to Gut Fair Housing, Use of Incendiary Racial Rhetoric for Political Gain

July 23, 2020

FOR IMMEDIATE RELEASE: July 23, 2020 Fair housing advocates denounce Trump’s newest effort to eliminate a critical tool to desegregate communities and call on the president to instead concentrate on ensuring housing equity during a pandemic Washington, D.C.- Today, a coalition of civil rights, affordable housing and consumer advocacy organizations condemned the move by the…

Alys Cohen to Testify at U.S. House Hearing on Mortgage Servicers’ Implementation of the CARES Act

July 15, 2020

Full testimony is available at: https://bit.ly/oversight-svcrs-cares Washington, D.C. – On Thursday, July 16 at 12pm ET, National Consumer Law Center attorney Alys Cohen will testify virtually at the U.S. House Financial Services Oversight Subcommittee hearing: Protecting Homeowners During the Pandemic: Oversight of Mortgage Servicers’ Implementation of the CARES Act. Cohen’s testimony will focus on how…

How to Get Help with Your Mortgage During COVID-19

July 9, 2020

FOR IMMEDIATE RELEASE: July 9, 2020 The following organizations have made this important information available in Spanish, Korean, Chinese, Vietnamese, Bangla, and English: AFR Language Access Task Force, Americans for Financial Reform Education Fund, Center for Responsible Lending, Consumer Action, Empire Justice Center, National CAPACD, National Consumer Law Center, National Fair Housing Alliance, and UnidosUS.…

Alert: IRS Sending Letters About Unactivated Stimulus Prepaid Cards

July 2, 2020

FOR IMMEDIATE RELEASE: July 2, 2020 WASHINGTON, D.C. – People who have not received their Economic Impact Payments (EIP) should be on the lookout for letters being sent starting today by the Internal Revenue Service (IRS) telling them that they may have an unactivated prepaid card. Last month, the IRS sent stimulus payments via the…

Statement of National Consumer Law Center Advocate in Support of The Emergency Broadband Connections Act of 2020

June 29, 2020

Washington, D.C. The National Consumer Law Center commends the leadership of U.S. Senator Ron Wyden, who joined with Senators Richard Blumenthal, Mazie Hirono, and Chuck Schumer to introduce The Emergency Broadband Connections Act of 2020, which would help low-income households afford home broadband service. “Black, Hispanic, American Indians and Alaska Natives have lower broadband subscription…

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